Ethereum Facing Large Price Move, According to On-Chain Data

Key Takeaways

  • Strong positive fundamentals support Ethereum bulls in the near-term.
  • A technical break above the $420 resistance level confirms a continuation of last week’s bullish breakout.
  • On-chain data analysis shows rising activity on the Ethereum blockchain.

Share this article

Ethereum has been consolidating for the last three trading days after buyers failed to break above key short-term resistance near the $420 level. 

Now, on-chain analysis reveals that buyers are…

Source link

About bitcoin

Check Also

Celsius says it tipped in 25,000 Ether to help launch Ethereum 2.0

The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next …

Leave a Reply

Your email address will not be published. Required fields are marked *